Godrej Industries seeks extension for Nadir Godrej before handover

Mumbai: Godrej Industries, the holding company of the Godrej Industries Group (GIG), has proposed an extension for incumbent chairman and managing director Nadir Godrej, who is set to hand over charge to Pirojsha Godrej in August, marking a generational shift in leadership at one of India's oldest business groups. Godrej Industries is seeking shareholder approval through a special resolution to reappoint the 75-year-old Nadir Godrej from April to August. Pirojsha, son of Adi Godrej, is currently the executive vice-chairperson of GIG and the chairperson of Godrej Properties, Godrej Capital and Godrej Fund Management. GIG did not comment.

Pirojsha had also led negotiations on behalf of GIG to finalise the Godrej family settlement agreement. In April 2024, the broader Godrej Group was amicably split between two sets of cousins: GIG, run by brothers Adi and Nadir Godrej, and the Godrej Enterprises Group (GEG), led by the other branch of the family.

Pirojsha Godrej's siblings are also actively involved in GIG, with Nisaba Godrej serving as chairperson of Godrej Consumer Products and Tanya Dubash as executive director and chief brand officer of GIG. Nadir Godrej's children are also part of the group: Burjis Godrej is MD of Astec LifeSciences, while younger son Hormazd Godrej recently joined Godrej Agrovet.


Since the split, Pirojsha Godrej has focused on building a performance-driven culture, accelerating decision-making, and improving business agility. GIG will concentrate on six core sectors-fast-moving consumer goods (FMCG), real estate, chemicals, agri-business, financial services, and real estate private equity-to build scalable, market-leading enterprises.

Mahesh Ojha, VP, research, Kantilal Chhaganlal Securities, said Pirojsha Godrej is known for performance-driven execution, and that the transition signals renewed momentum and next-generation leadership aimed at accelerating growth across sectors.

GIG's five listed entities-Godrej Consumer Products, Godrej Properties, Godrej Industries, Godrej Agrovet and Astec LifeSciences-are currently valued collectively at ₹2.27 lakh crore. The five listed companies reported nearly ₹53,813 crore in revenue and ₹4,529 crore in profit after tax in FY25. Performance across the group has been mixed since the announcement of the split on April 30, 2024.

While shares of Godrej Agrovet and Godrej Industries are up 17% and 8%, respectively since then, Godrej Consumer Products is down 1%, and Godrej Properties and Astec LifeSciences have declined 31% and 50%, respectively, amid broader market turmoil. At the group level, ₹16,902 crore in market capitalisation has been wiped out since May 2024.